XCMG strikes US$100-million partnership deal with KBA

XCMG has concluded a successful trip to bauma China 2018 by reaching milestone deals with leading international companies, including a US$100 million cooperation agreement with KBA Mining Company (KBA), and celebrating the first deliveries of its machinery products.

XCMG’s cooperation agreement with Russia’s KBA Mining Company will result in US$100 million worth of deals in mining equipment and solutions. During the event, XCMG delivered the first batch of its GTBZ58S aerial work platforms, which at 58.6 m and with a maximum gradeability of 45 per cent, is the tallest work platform in the world, to Sinopec Heavy Lifting & Transportation Co (SHLTC).

“With the support of global dealers, suppliers and partners, as well as the hardworking XCMG staff, the company is progressing fast in the international market towards the goal of achieving 50 per cent of its revenue from overseas sales,” said Wang Min, Chairman and President of XCMG.

Valery Aleksandrovich Tubabba, General Manager of KBA, said at a signing ceremony, “XCMG is one of the most renowned construction machinery multinational corporations in the world, with top-notch mining equipment performance, top quality products and a comprehensive after-sales and service network. KBA is very confident to partner with XCMG.”

Developed under the brand’s ‘Advanced and Endurable’ gold standard, the GTBZ58S is among the 14 new aerial work platform products that XCMG showcased at bauma China 2018 and represents the company’s new strength in the aerial work sector.

XCMG also hosted an overseas dealers’ appreciation banquet during bauma China 2018. The company has experienced explosive growth in the global market with more than US$1.3 billion in total export value, which marks a 40 per cent year-on-year increase. Its products are now present in 182 countries and regions.